In 1935, the Social Security Act was signed into law by President Franklin D. Roosevelt. Back then, 65 was considered old age. Today, "65 is the new 45"-at least that's what Continue...Read More
CanmetMINING and COREM have signed a co-operation agreement to meet the needs of Canada's mining industry as it embraces innovation. The aim is to reduce the risks associated with adopting new technology that supports sustainability and competitiveness.The two hope to leverage their joint expertise and capability on projects of importance to the mining sector.CanmetMINING is part of Natural Res...Read More
The latest data from Euro Stat for September 2018 demonstrates the complete failure of the ECB and its Quantitative Easing. The Euro area (EA19) seasonally-adjusted Continue...Read More
Caledonia Mining (TSX: CAL; NYSE: CMCL) has agreed to buy back Fremiro Investments' 15% shareholding in the Blanket gold mine in Zimbabwe in a deal valued at $16.6 million. After completing the transaction, Caledonia will own 64% of Blanket.Under the terms of the deal, the two companies will cancel Fremiro's outstanding US$11.46 million Caledonia loan. Caledonia will then issue Fremiro 727,266 s...Read More
Corporate earnings have been exceptionaly strong but that may soon end, and history suggests a bumpy road ahead for the stock market.Continue...Read More
TALLAHASSEE, Fla. (Reuters) - Showdowns in Georgia and Florida pitting black Democratic candidates against white Republicans supported by President Donald Trump headline the three dozen governors’ races being contested in Tuesday’s U.S. elections.In Georgia, Stacey Abrams is vying to become the nation’s first African-American female governor. She and Andrew Gillum in Florida woul...Read More
BEIJING (Reuters) - U.S. billionaire philanthropist Bill Gates unveiled on Tuesday in Beijing a futuristic toilet that doesn’t need water or sewers and uses chemicals to turn human waste into fertilizer.The Microsoft Corp (MSFT.O) co-founder, who a day earlier was one of the high profile guests at a major trade event in Shanghai, also lauded the globalized and free trade systems that made th...Read More
Canadian miners' performance slipped in the three months leading to the end of September, due mostly to weaker gold, nickel, copper and zinc prices, the latest report by consultancy Ernst & Young (EY) reveals.Following a 5% drop between April and June this year, gold prices decreased by another 5% in the third quarter, mainly due to the strong US dollar and the recent Federal Reserve rate hike of...Read More
It now takes 23.6% of median income to make the monthly payment on the average-priced home, making housing the least affordable it's been in nearly a decade.Continue...Read More
JOHANNESBURG - South Africa's Harmony Gold reported a 30-percent jump in quarterly total production, the miner said on Tuesday, boosted by its Hidden Valley and Moab Khotsong mines.Total gold production in the first quarter ended September jumped to 11,773 kg from 9,040 kg in the comparable quarter last year. The total gold production decreased by 2 percent quarter-on-quarter, the company said."We...Read More
NEW YORK - Gold-backed exchange-traded funds (ETFs) registered increased inflows to both North American and European funds during October, as tumultuous equity markets triggered flight-to-quality buying, the World Gold Council said on Tuesday.North American funds had inflows of $561 million while European funds posted inflows of $678 million last month, according to figures provided by the Council...Read More
Stephen McBride is the editor of RiskHedge Report, a free weekly newsletter that shows how to profit from disruptive trends like self-driving cars, artificial intelligence, cloud computing, and others.Continue...Read More
LONDON - Randgold Resources said on Tuesday it would mediate in a tax dispute between Tanzania and Acacia Mining, a firm in which Randgold investors will have a stake if its planned merger with Barrick Gold is approved by shareholders.Randgold Chief Executive Mark Bristow, who will lead the group after the Barrick tie-up, also told Reuters that Barrick could dispose of its Zambian copper mine afte...Read More
LONDON, Nov 6 (Reuters) - Italian government bond yields rose further on Tuesday after Valdis Dombrovskis, vice president of the European Commission, said the Commission was considering sanction procedure against Italy if it does not revise its budget by Nov 13.Italy's 10-year government bond yield rose to a session high at 3.418 percent, up nine basis points on the day, pushing the Italy/Germany...Read More
(Reuters) - Control of both houses of the U.S. Congress and 36 state governorships are at stake in Tuesday's elections, which are widely viewed as a referendum on Republican President Donald Trump's first two years in the White House.The following is a look at what will influence the outcome:U.S. HOUSE OF REPRESENTATIVESOne in four Americans lives in the 125 congressional districts where no party...Read More
Continue...Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post. Keiser invented "Virtual Specialist Technology," a software system used by the Hollywood Stock Exchange. Prior to inventing this technology, he worked on Wall S...Read More
How do you invest in gold and silver mid-tier stocks? Watch as Grant Williams, Senior Advisor at Vulpes Investment Mgmt, discusses with Megan Brown from Leagold Mining Corp. (TSX: LMC), W. John DeCooman from SSR Mining Inc. (TSX: SSRM) and Rob McEwen from McEwen Mining Inc. (TSX: MUX). Grant Williams is the portfolio manager of the Vulpes Precious Metals Fund and strategy advisor to Vulpes Investm...Read More
China's ferrous futures tanked after morning open on Tuesday November 6, with losses narrowed later for contracts except rebar, amid stronger expectations that the country's winter steelmaking restrictions would be lighter than those a year earlier.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 3,973 yuan ($575) per tonne, down 79 yuan per tonne January hot-rolle...Read More
A gold explorer in Nevada is using a novel technology to find gold. Can water help explorers find gold? That's the path that Nevada Exploration Inc. (NGE:TSX.V) is taking in Nevada.Geophysics (such as airborne surveys) and trench sampling can help track gold in places where there isn't any groundcover, but what about valleys that are covered and offer no exposure to the rock surface? According to...Read More
This activity signals the advancement of this multimillion-ounce project in Nevada. District Map of Terraco's Royalty OwnershipDrilling started at the Spring Valley gold project in Nevada, on which Terraco Gold Corp. (TEN:TSX.V; TCEGF:OTCPK) owns various royalty assets. Waterton Global Resource Management, a private equity firm, is conducting the drilling, currently using two rigs.Spring Valley h...Read More